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Austria's Enery Development receives anti-trust nod to buy two Bulgarian cos

Austria's Enery Development receives anti-trust nod to buy two Bulgarian cos Author: Ken Teegardin. License: Creative Commons, Attribution 2.0 Generic.

SOFIA (Bulgaria), March 9 (SeeNews) - Bulgaria's Commission for Protection of Competition (CPC) said that it has granted approval to Austrian startup Enery Development to acquire 100% of Bulgarian companies ACWA Power CF Karad PV Park and Nomac Bulgaria.

Enery Development, established in 2019, does not operate in Bulgaria, so the deal is not expected to affect competition on the local market, the regulator said in a statement on Friday.

The price of the transaction was not disclosed.

Sofia-based ACWA Power CF Karad PV Park, owned by Malta-registered ACF Renewable Energy Ltd., is active in production and delivery of electricity derived from photovoltaic installations.

Nomac Bulgaria, a subsidiary of Saudi producer of electricity and desalinated water NOMAC, operates a 60.4 MWp solar park in the Bulgarian village of Karadzhalovo, in the south of the country.

The end owner of both Bulgarian companies is Saudi-based ACWA Power, a developer, investor and operator of power generation and desalinated water plants, according to the most recent financial statement published by ACWA Power CF Karad PV Park.

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